- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- GBP/JPY Price Analysis: Buyers attack 163.10 resistance on strong UK inflation data
GBP/JPY Price Analysis: Buyers attack 163.10 resistance on strong UK inflation data
- GBP/JPY extends the previous day’s rebound from a fortnight low on upbeat UK inflation data.
- Convergence of 21-DMA, 100-DMA challenges buyers at the weekly top.
- Clear break of three-week-old resistance line, impending bull cross on MACD also suggests further upside.
GBP/JPY takes the bids to refresh the weekly top near 163.00 as bulls cheer strong UK inflation data during early Wednesday morning in Europe. In doing so, the cross-currency pair pokes the 21-DMA and 100-DMA confluence while extending the previous day’s upside break of the three-week-old resistance line, now support around 162.20.
UK Consumer Price Index (CPI) rose to 10.1% YoY versus 9.8% expected and 9.4% previous readings while the Core CPI, which excludes volatile food and energy items, rose to 6.2% versus 5.9% market consensus and 5.8% previous readouts.
It’s worth noting that the quote’s rebound from the 61.8% Fibonacci retracement of the May-June upside, as well as a looming bull cross of the MACD line, also signal the GBP/JPY pair’s further upside.
Hence, buyers are all set to cross the 163.10 hurdle, which in turn could propel the prices towards July’s peak of around 166.35. However, the 38.2% Fibonacci retracement level near 163.75 could act as an extra filter to the north.
Meanwhile, pullback remains elusive until the quote stays beyond the previous resistance line, now support near 162.20.
Even so, a daily closing beneath the 61.8% Fibonacci retracement level of 160.60 appears necessary for the GBP/JPY bears to keep reins.
GBP/JPY: Daily chart
Trend: Further upside expected
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
